Iron Curtain: The New Trade Drive

Western capitalists have lately become so eager to deal with the Communists that the question of trade has taken on a new dimension: instead of merely selling goods, Western businessmen are sending whole factories and generous credits eastward. Western Europe is leading the trend, but last week the U.S. also shuffled itself into some important East-West deals.

Secretary of State Dean Rusk announced the first two contracts to be negotiated under the U.S.'s recently signed trade treaty with Rumania. Firestone Tire & Rubber will put up a $40 million synthetic-rubber factory, and Universal Oil Products will build a $10 million...

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